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loopholes and cutting wasteful spending in the tax code that benefits the wealthiest americans and biggest corporations. in addition to replacing sequestration with deficit reduction that is far more responsible, our budget follows the advice of experts and economists across the political spectrum who say it makes sense to invest in job creation in the short term while putting ourselves on a strong path to responsible and sustainable deficit and deficit reduction over the immediate -- immediate and long term. we believe that in order to truly tackle our economic and fiscal challenges in the real world and not just make them disappear on paper, we need a strong foundation for growth built from the middle out. so this budget invests in a $100 billion economic recovery protection plan to put workers back on the job, repairing our nations highest priority, deteriorating infrastructure and fixing our crumbling schools and installing critical educational technology like broadband that our students need to succeed. this plan creates an infrastructure bank to leverage public funds with private inv
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
as quickly as possible. now, we had the discussion earlier about taxes and we thought that we had worked the tax problem for and everybody preserved people's taxes for 99% of the people and we thought that there were going to be some spending cuts coming. somebody sent me this little chart that i have to share. this says "republican" on it. "okay, i'll raise taxes if you promise to cut spending." well, lucy, it's a "deal." but we've been watching this cartoon for years and years and we know what happens. when we go to pick up the spending cuts, the football suddenly gets lifted out of the way and we wind up on our back. the american public winds up on its back. that's not the kind of spending cuts we're looking for. we're looking for some real spending cuts. not just a decrease in the growth but some real spending cuts. and there's -- there's a way to do those. wyoming has been faced with probably an 8% in reduction in its income. how did it handle it? the governor, seeing that coming, got ahold of every department and program and said, i need a plan from you for how you would cut 2%, ho
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
anything of the sort. bowles-simpson >> balsams and called for tax reform. this budget does nothing of that sort. i cannot see how people simpson is among the reasons why he supports it. >> thank you. there is a similarity in there was a cause for a spending reduction in our tax code, the credits and bypassing collection. senator sanders was referring to the cayman islands earlier. i believe senator levin has talked about $70 billion in net revenue, companies that do not pay a cent in taxes. that type of spending through credits and deductions has grown phenomenally. the powerful in our country, the want their projects to be funded through the tax code, because unlike a preparations, it is not examined every year. that is a very clever strategy and puts them in a very different class and working people who are benefited by programs that are funded every year. it is unacceptable if you come to the core concept of fairness. the actual language in the reconciliation instruction refers to the level of revenues. the explanatory instructions in the back, page 61, talks specifically about
the senate majority. >> president ronald reagan. >> principles. liberal. a sign of tax increase and pro- abortion law in california. ahead of his time. reagan was a liberal. >> president barack obama. clark's greatest president of the 21st century. >> a cold, remote, and deeply cynical. >> god. god is love. [applause] satan. >> satan is hate. the dark lord of good inte ntions. >> hugo chavez. e now.qaan's roommat [laughter] [indiscernible] [bell] >> that is the end. who is the winner? is it paul? son?t tucker carlon go back and read the papers. we want to thank each of these. i want to thank paul because it is a little more of an uphill climb. we are delighted to have you. thank you so much. i appreciate it. ♪ >> continuous coverage. rick perry.or mitt romney will a trust -- mitt romney will address the conference of this afternoon. ♪ >> god bless texas. god bless texas. thank you. they said you have to turn to the left. i said i do not go left well at all. it is a big honor to be asked to speak. i want to say thank you to those of you who have allowed me to come. for all of the bad
.ing a move that has -- considering a move with major implications all over the world. officials want to tax a percentage of every individual savings account and they would reach in the account and take the money. as you can imagine, the reaction has been fierce. senior foreign affairs correspondent greg greg palkot has the story tonight from london. >> the mediterranean island nation of cyprus is small but it rocks the global markets, including the u.s. because it's going to do the unthinkable. fund a near bankrupt government. at least the solution we went for is for sure not the one we would have liked. but under the circumstances, it was the least painful one. >> exchange for a bail-out from the european union and imf, cyprus wants a so-called tax of around 10% on account of $130,000 and over and 7% for the rest. exposure to invest in the greece and lax banking regulations are to blame. attracting foreign investors including russians. brussels and germany are seen by cypriates as the villain. >> we don't want germany here. we don't want them to help them at all. >> all of this is causing
the budget. that would eliminate the deficit. on the senate side, we have accommodation of raising taxes by getting rid of unspecified tax loopholes and also cutting spending in areas like on subsidies and making changes to programs like medicare and medicaid. the democrats are pushing forward their plan. but right now there is no bipartisan plan to merge. in this slow and thoughtful thing, we will have to wait and see. >> i know you don't like the editorials from the publication "the wall street journal." this title is a key to the senate democrats play a role in the budget negotiations. beginning with these words, ring the church bells and set up the white smoke. senate democrats have released their first budget in four years. give patty murray credit for finally proposing something in public view. but after reading the document, we can say we can see why the democrats were so reluctant for so long. then the editorial spells out some specifics. >> they did not put forward a budget for warriors. we went through a crazy for years with the economy. we went to the financial crisis and the
on spending and taxes. so far, the game is not going very well. >> is the grand bargain dead? >> i don't know whether we can come to a big agreement. the president believes that we have to have more taxes from the american people. we're not going to get very far. >> the president has sounded equally pessimistic about bridging the divide. >> it may be that the differences are just too wide. if their position is we can't do any revenue, or we can only do revenue if we gut medicare or gut social security or gut medicaid, if that's the position, then we're probably not going to be able to get a deal. >> while there's not much agreement there are plenty of ideas. washington is awash in budgets. no less than six plans are currently circulating on the hill. there is the plan from senate democrats, or the murray plan. it includes a one-to-one ratio of spending cuts and tax increaseses, as well as short-term stimulus. then there's the house democrats' budget, which pushes for $200 billion more in revenue than the plan proposed by their party members in the upper chamber and there is a congressional pr
to raise taxes in virginia in order to deal with transportation problems. it's also worth noting that people are noting the absence of those two, and the presence of people like mitt romney who has said he's never going to run again, and a lot of republicans think he has admitted ran a campaign with some flaws along the donald trump and sarah palin raises questions about the absence of mcdonnell and chris christie. there will be a straw poll here. it doesn't mean a heck of a lot other than republicans are already keeping score. and one more thing, jon. yesterday when we were talking about deliberate irs taxes, i said one in ten were delinquent, it's actually one in a hundred. i don't want the irs angry at me. so made a mistake and cleaned it up. jon: all right. one in one hundred, and as you said, we'll see who shows up to the next cattle call for conservatives. carl cameron, thank you. jenna: well, an outpouring of reaction to the newly-elected leader of the catholic church. pope francis planning an inaugural mass in the sistine chapel. he told a crowd of some 100,000 people in
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
and it was a tricky moment for him in the press conference. he included some of the tax increases that have gone into effect in recent years and explain how he was also kind of get rid and explain how he would also kind of get rid of the president's format. this is something that democrats are saying, well, week of been through the supreme court challenge, you voted on it, something like 30 times. why are we continuing to battle over something that we have no intention of fulfilling. >> the president scheduled to do his budget the week of april 8. the senate going to meet with house republicans today. give us the nature of these meetings and what will happen. >> today is the second of four trips up to capitol hill for president obama. it's part of this consensus where he's trying to win over congressional support for a grand budget bargain. this has been an effort that was kind of served by failing to avert the squeft a couple of weeks ago. he's got almost the opposite challenge of what he did yesterday when he met with senate democrats, when he was meeting with senate democrats yesterday they w
's not going to happen. you talk about a trillion dollars of new taxes for patty murray that is unlikely to happen. where is that middle? >> it's going to take the president to forge and find the middle, which is why, again, i echo the points made at the beginning of the show and to mike's point about the weirdness of the town, there was a time when this was not weird. you come from one of the great states and one of the great leaders who helped create this environment, the great tip o'neill understood you had to work with both sides. >> and teddy kennedy. >> no doubt about it. the most productive leader was teddy kennedy in the senate and not only washington. it takes the president to unthaw this. he is going to probably take as many arrows as you said before from the democrats as he will republicans. there are democrats who are staunchly opposed to spinning discipline around entitlement. >> can i say it's actually nice? because this president really hasn't crossed his base a lot the past four years. it's nice for me to be able to say to republicans, who say i think legitimately say he
. they think if we just squeeze squeeze, squeeze, even as we lower taxes at the high end that will create prosperity. that's really a pipe dream. >> john: i'm confused. the president said he doesn't want to touch medicare at all but because of a divided government we might have to do things we don't like. >> no, he said if we want to get revenues they'll bring up topics like the entitlement issues that we will have to discuss. he was not backing away from my view a solid commitment to maintaining it. he said those of us who are supporters of medicare and social security have to focus on maintaining solvency and stability going forward. he said, this was music to our ears. he said social security was not part of the debt issue. it is a totally different issue. to the extent that we get involved. social security at all it has to be about that problem and it's solvent and committed to that 75 year window we've been committed to. as far as medicare, with what wave' done with the affordable care act we're in good shape for the next ten years. but after that even the cbo numbers show with the d
vitality of the population. our population grew by 50%, but our tax base stayed the same. people who are here legally, especially the new american citizens, are looking for jobs and they are scarce. 22 million americans are out of work, and now the proposal is to waive the carrot of citizenship to millions more. and when we were talking about giving amnesty to millions, maybe 20 million illegal aliens, how much more scarce will those jobs become? mr. speaker, we have heard these proposals before. in 1986 we said that if we granted amnesty there would only be about 1.5 million people who would be included. in truth it turned out to be twice that amount. we were also told that it would never happen again. our borders would be secure and this problem would never occur again. in truth that was not true. so now 27 years later our borders still aren't secure and here we are doing this all over again. well, we got fooled once. by news reports we were told there were 11 million illegal aliens in this nation right now. by using 1986 as a yardstick we can guess by offering amnesty there might
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
and medicaid, give the wealthy yet another tax break, put most of the burden on the poor and middle class and repeal obama care. this budget is going nowhere. it will be dead on arrival in the senate. it is pure fiscal mastur va tion. yet paul ryan gets credit for being a serious thinker. i will tell you this if paul ryan is a serious thinker i am an astronaut. take a look at the budget. doesn't add up. tomorrow, congressman keith ellison and peter welch, oh, boy. can't wait for that. come back and join us right here tomorrow. >> this is "the bill press show." [ ♪ theme ♪ ] >> stephanie: happy wednesday everybody. jacki schechner, you know i have so few things in my life. look how happy i am about my new coffee mug. >> what does it say? >> stephanie: it is green in time for st. patrick's day. >> ooh. does that mean there's no pinch ug? >> stephanie: here now is colin farrell. >> messing about with mrs. all the rumors are true. >> i got about a third of that. then again if he looks like colin farrell, it doesn't matter. >> stephanie: all right. now here we are. we'
washington times" -- there are no sacred cows that calls for $1 trillion in new taxes. what's your takeaway? guest: well, what it does is also call for substantial cuts, but it deals with deficit reduction in a balanced way. what the republicans want to do is do deficit reduction simply by cutting, cutting, cutting. doing away with medicare as we know it. right now converting that into a voucher system which we very, very onerous for senior citizens, making devastating cuts in medicaid which means that millions of millions of american people and kids will lose their health insurance. massive cuts in education, in nutrition. basically every program that in the middle of a terrible recession working people depend upon would be done away with. what my view is -- i think the senate agrees what the committee is moving toward is to say, wait a second, we are seeing a middle class collapse, poverty at a high rate while the wealthiest and corporations are doing extraordinarily well. we are looking at record breaking profits for corporations and yet their effective tax rate is the lowest since 1972.
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
no income tax. my job is not to worry about those people. they should take personal responsibility. >> no turning point in the campaign was more important than the release of that tape. president obama opened up a seven point lead and mitt romney never got within striking distance, again according to nate silver. >> let's start with the most valuable player of the 2012 presidential campaign. my choice is, of course, the anonymous videogfer. that is scott prouty. he's 38 years old. he is from boston. massachusetts is romney's home state. he lives in florida. he was serving as a bartender the night of the romney fund-raiser. here is ed with the mvp of 2012. >> i grew up in a blue collar area of boston. nobody i know can pay, can afford to pay $50,000 for dinner. i felt an obligation for all the people who can't afford to be there, you shouldn't have to be able to afford $50,000 to hear what the candidate actually thinks. i came to the conclusion, i wanted to go live in full, you know, probably when most people are paying attention. i thought that was probably around the conventions,
who is independent. the cpc wants a 49% federal income tax rate on top earners. they want half. and they don't want many deductions for those folks. also the congressional progressive caucus wants even more government spending. 2.5 trillion more, on, quote, job creation. another 2.2 trillion on things like science, energy, the environment and education. also the cpc does not want to cut entitlements. and, wants to give unemployed americans 99 weeks of cash compensation. nearly two years. the question is what does president obama think of the congressional progressive caucus? my opinion, he likes it i don't think the president believes that crew is fanatical because they want what he wants. by the way, the far left kooks do want to cut one thing, defense spending. they want to bring that back down to 2006 level. somewhere in iran is cheering. there comes a point when americans are going to have to decide what country, what kind of country they want. even taking half of what affluent americans earn, feds couldn't possibly afford what the far left wants to provide. so we would eve
are on the table from consolidations to furlough days and asking the community to support a tax. since the beginning of the recession allen rock avoided some of the more painful cuts other districts went through. while the math is tough for grown ups the lesson is harder for the kids. >> i don't know how to explain to him you have to go to school because of no funding. gl i don't feel like leaving. i like this school. >> that was kris sanchez reporting. >>> he once wrote laws and policies for santa clara county. today the former president of the board of supervisors is on the wrong side of the law. george shirakawa pled guilty to 12 charges including felony regarding public money he reportedly used to feed a gambling addiction. what was his reaction today? >> reporter: given the d.a. said there was a dark cloud over santa clara county shirakawa didn't speak. fierce fighter for the poor and under privileged told the judge he broke the law. 12 times the judge asked former supervisor george shirakawa how he pled and 12 times shirakawa responded guilty. >> it's a very sad day when a super
are always trying to protect taxes or wealthy people? is that a problem out there with the rank-and-file voters? >> no, i mean -- i don't think so. i think that's obviously a misperception that's become a real perception by the public. but i think we have to talk about things in ways that people can relate to. i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in peo
on the balance. >> property taxes. >> megyn: that is warning people of a potential property tax hike in the coming election. i don't understand exactly what's happening. the teachers don't like that, but why are the teachers objecting to notifications of property taxes going up. >> they don't want the voters to notice if they've signed up, they voted for a property tax hike and the property taxes are the basis. >> megyn: and they're going to go and vote on various measures that affect them and the one on i raising property taxes is now highlighted on red ink on the outside of the voter envelope. >> and saying we've got more taxes coming at you. >> megyn: and the teachers union says let that go? >> no, let the voters blythely go on and meander through the ballot and the last thing they want is for taxpayers to know that he or she is going to be paying higher taxes in an educational system that isn't too shiny, if i can use the expression. it's pitiful what's happening. >> megyn: because those property taxes will go help fund the teachers salaries and they don't want anybody-- they don
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
. republicans falsely claim democratic budget increases taxes by $1.5 trillion. as you know the republicans have spent years pressuring democrats to write a budget so they can criticize it and attack it -- so they are assuming the sequestration stays in place which everybody thinks is dumb. so if we're just going to have these fault math arguments i don't know how we're going to get anything done, do you? >> and the false math goes even further, stephanie. their budget wants to reduce the rates on the top wage earners, but they don't tell you how they are going to do it. but in the end it give people who make over a million dollars a decrease in taxes every year. so $200,000 more in tax breaks for the richest -- >> that sounds fair. >> it makes no sense. and then when you ask how they are going to do it? they still protect the tax exemptions for companies who send jobs overseas oil companies, corporate jets -- it's almost too hard to debate something that is this silly. >> stephanie: i know you new there, but do you see any way out of this, that we we -- literally are s
billion. >>> a new report shows three of the four companies paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-o
paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-old dennis macedo. po
's going to cut taxes for everyone and get two tax brackets of 10 and 20%. and then medicare is going to become private subsidized health care plans for people under 55 and eliminates the federal program. if you're cutting taxes by that much, it sounds like, well, it sounds like you're cutting those other things dramatically, too. >> well, yeah, paul leaves it out in there. to me, this is a very good blueprint to go forward on. i also support tax cuts. i do think that ultimately, tax cuts do generate more revenue. i come from the jack kemp school of republican party which does believe in tax cuts. but, again, this is our plan on the table. president should come forward with his and we'll go forward from there. this is a divided government. the republican realizes that. we're going with what we feel is our best case. and it's really not challenging, but it's asking the president come forward with his. the fact that he's coming in tomorrow. we'll go over some of these issues with him. and it will be a good first step. >> you know what's kind of amazing about that. some of your fellow re
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immediately begin to reduce the deficit so they're growing much slower than the economy. which is th
and tax changes to workout that with republicans on the hill. yesterday the president sounded optimistic, take a listen. >> are you making some phrog. >> i think we've had good conversations. >> reporter: the question now moving forward is whether they will come together on some of these issues. the president traveling today in the chicago area going to announce a $2 billion green energy fund. speaker boehner's staff immediately saying look for this to have any credibility the president has to increase oil and gas production in the u.s. and they are specifically citing the keystone pipeline. they are waiting to see whether or not the president is going to approve that, jenna. jenna: we'll be talking to two lawmakers working on the keystone pipeline and some legislation through congress to speed that up. in the meantime, just as far as the republicans, their reaction to these series of meetings, what are they telling you. >> reporter: to summit us they are saying the old ronald reagan line, trust but verify. they see the president having dinner with republican senators a week or so ago. l
trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue or we can only do revenue if we get medicare or get social security or get medicaid. if that is the position and we are probably not going to be able to get a deal. lou: congressman paul ryan, the author of the republican budget calling the president'sur reach effort, if that's what it is, and fiscal wishes not terribly charming. the president also claiming dung that interview with abc that the white house did not order the controversial closure of white house tours. that is the statement that his own press secretary disputed just hours later. >> the secret service made the decision about its budget and to withdraw personnel from to worse . cancel the taurus. it is our job to cancel the taurus. they cannot cancel them. because this is not a tour of the secret service building but tour of the white house and grounds. we run the taurus and the invitations and proces
to stay alert. register's tax offender charles christensen has moved into the neighborhood on will pass road. he has committed several sex crimes against children and is considered a sexually violent predator. if the second sex offender to move in the area and parents are wary about their children's safety. >> this the second time this happened the first time we did not do anything i do not know if we will be able to do the thing this time. >> my granddaughter is 6 and she is smart and intelligent. i showed her the picture and told her exactly what it is. he is a sex guide, a dirty guide. if you ever see him run the other way. >> parents from local elementary are reportedly planning a protest for later today. will let you know if that happens. >> we will take a break. >> it is 4:08 . we will have more headlines. we are following weather and traffic. >> everything is fine as the span of the san mateo bridge although there is reports of a similar by 580 near livermore. >> if you are in the area or 580 is part of your commute you may expect delays live this morning. we will keep you update
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
forward with a plan that gives the biggest tax rate in the world to the richest. paying for it with huge slashes in programs for middle class working people and the poor. call it ryan shrugged. it kills the president's health care plan outright in its crib. dumps medicare for a cheapskate voucher scheme. and offloads medicaid on to the states and steals from the ordinary people, that old 47%, and gives a bundle to the elite at the top. why is ryan doing this? you just have to ask, why after getting beaten and rejected in the presidential election last november is the vice presidential candidate coming out here trying to etch-a-sketch the whole thing, pretend the election never happened? tell me, where's ryan express, taking the republican party further off the cliff? if he's giving up -- what's he doing? giving us a souvenir roadmap of where they all went wrong? in a moment we'll be joined by congresswoman debbie wasserman-schultz. with us now, "washington post's" ezra klein and msnbc political analyst. thank you, ezra. i want to get to the basics. the boxcar information here. why in the
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
because of the near 40% federal tax rate and the 15% state tax rate and doesn't include, state taxes, payroll taxes, extremely high. >> clayton: gas prices are through the roof there. >> alisyn: on and on. >> tucker: i don't think he should complain, he's one of the reasons why. as a native california, i blame bill maher. that's my home state, i think he should be quiet and pay the taxes. >> alisyn: maybe a change of heart. >> tucker: maybe, but i think he should pay the results of his consequences. doesn't run away at that jackson hole, bill maher. >> clayton: perhaps headed to cpac, i don't know if that's going to happen. a straw poll squeaker yesterday in cpac, two raising republican stars neck and neck. only one could come out on top. elizabeth prann. >> reporter: and wrapping up the three day stint, leaving rand paul feeling charmed after he won the straw poll. after the filibuster on the floor. and coming in second, florida senator marco rubio, about 23% of the vote. rick santorum 8% of the vote and followed by governor chris christie who wasn'tnvited. there was serious discus
. >> we wanted to end the nightmare. >> that nightmare local official using tax money campaign contribution to feed a gambling addiction. tonight the one thing that kept him out of prison. >> also tonight at 9:00. management make over. new direction for oakland pd brass. >> airport quandary. san jose international good service new terminal and easy to get to. why isn't it more popular and why losing flights. why losing flights. >> new study >> that breaking news centers on this car accident in east san jose. we understand it is involved in an officer involved shooting. now this is video from sky 7 hd short time ago. police are out on mass in this area. we are told that 3 undercover police cars surrounded a vehicle. witnesses tell that you say one person in that car was shot and officer hurt although not seriously. now this happened a little more than 2 hours ago in the alan rock neighborhood close to the intersection of jeralyn drive and em rick avenue. trade the general area on the map. bring you any new information as soon as it develops. good evening. now to long
talking, actually pushing big tax cuts for the rich and cuts in medicare and medicaid that affect the middle class and poor. what a strange thing it is to hear reince priebus talking about building bridges when he was the one with his hands on the detonator? former pennsylvania governor ed rendell is with us as well as managing editor of the grio joy reid. i'm just wondering, why would a political party believe a new fr strategy would cover up for its policies? >> it makes no sense at all. first of all, their policies are bankrupt. they're the exact same, and they haven't changed their policies a bit, chris. you see republican state legislators pushing antiabortion bills that are clearly unconstitutional, clearly punitive to women. no exceptions for incept and rape. things that voters rejected the last time dramatically. they don't get it about income inequality in this country. they're still pushing for budgets that give huge tax breaks to the rich and stick it to poor people. people who are vulnerable. they haven't changed their policies a bit. no packaging, no marketing, can ch
the president wanted. >> well, he got his revenue. he has gotten his revenue. obama care has 21 new taxes. my goodness. i'd like to get rid of obama care in total and rid of those taxes. you've got to look at some of these other components of the problem. and you cannot tax your way out of this. i quite frankly liked the op-ed in "the wall street journal" today that showed our budget with the stablization pulling back on all of those spending components and putting ourselves in a position of growth would give us household income growth of $1500 in 2014 and $4,000 per household within this ten-year window. and what we're saying is, you've got to get this under control. now, the president wants to continue to spend and put new spending in place by getting new revenues. that's not workable. the american people don't want that. they want to see some spending restraints, some control, some common sense brought to bear in this budget process. >> congresswoman, i want to get you on the record about senator rand paul coming out in support of comprehensive immigration reform. right now it looks like r
one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rate of growth and confidently keep it down, that's beneficial for the broad economy. >> americans were according to polls, americans are strongly in favor of gun can control. recent poll, favor background checks. more than half favor banning assault weapons. over half favor banning large magazines. >> that's the reason i think the president is glad to be away from washington, away from congress. there is a level of dysfunction here. the power in this institution is enormous. it takes away from common sense steps. you have the fi
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